Cairo – Mubasher: Madinet Nasr Housing and Development’s stock rose in Thursday’s early trading by 9.8% to EGP 20.70, its highest level since 44 months.
The rise was backed by a proposal to distribute cash dividends of 30 piasters per share for fiscal year 2016, totalling EGP 150 million, in addition to 1-for-1 bonus shares.
By 11:35am Cairo time, trading volume reached 1.45 million shares exchanged at EGP 29.60 million.
